CHC To Acquire Babcock’s Offshore Oil & Gas Aviation Business
CHC have a long history of making key acquisitions in the offshore oil and gas market, often during challenging times for the business or indeed the company itself. On Thursday 11th March 2021, CHC announced it would acquire Babcock’s Offshore Oil & Gas aviation business consisting of 29 active helicopters working in the UK, Denmark and Australia.
We take a look at what this means for Aberdeen (the world’s busiest heliport) and the wider market and speak to renowned industry stalwart Dr Clark McGinn who has decades of experience in helicopter financing with Royal Bank of Scotland, and was Managing Director for CHC Leasing and SVP of Sales at Waypoint.
